AIRPORT CITY, Israel, May 6, 2015 /PRNewswire/ -- SodaStream International Ltd. (NASDAQ: SODA), a leading manufacturer of home beverage carbonation systems, announced today its results for the three month period ended March 31, 2015.
For the first quarter ended March 31, 2015 on an adjusted basis*:
- Adjusted revenue was $91.3 million compared to $118.2 million in the first quarter 2014.
- Adjusted revenue on a constant currency basis was $104.8 million.
- Adjusted operating income was $3.7 million compared to $2.3 million in the first quarter 2014
- Adjusted EBITDA was $7.6 million compared to $6.5 million in the first quarter 2014
- Adjusted net income was $8.4 million compared to $1.8 million in the first quarter 2014
- Adjusted diluted earnings per share were $0.40, compared to $0.08 in the first quarter 2014.
*Adjusted revenue, Adjusted operating income, Adjusted net income and Adjusted diluted earnings per share are non-IFRS financial measures that eliminate the effect of restructuring costs, which include $2.3 million of pre-tax charges incurred as part of the Company's restructuring and growth plan announced on October 29, 2014. The charges were related to activities associated with discontinued products, which decreased revenue by $1.0 million and increased cost of revenue by $1.3 million. Adjusted EBITDA represents earnings before financial income, income tax, depreciation and amortization, and further eliminates the effect of restructuring costs. View the full report here.
